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The Law Office of Joseph Klein Investigates Conmed Healthcare Management, Inc.
//health-fitness.news-articles.net/content/2011/ .. vestigates-conmed-healthcare-management-inc.html
Published in Health and Fitness on Thursday, August 11th 2011 at 15:56 GMT by Market Wire
Published in Health and Fitness on Thursday, August 11th 2011 at 15:56 GMT by Market Wire
NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of Conmed Healthcare Management, Inc. (AMEX: CONM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ayelet Investments LLC. Under the terms of the transaction, Conmed Healthcare shareholders will receive $3.85 per share of Conmed Healthcare stock they own. The transaction has a total approximate value of $57.2 million.
To receive more information, click here: [ http://www.jkleinlawfirm.com/conmed-healthcare.html ].
The investigation concerns whether the Conmed Healthcare Board of Directors breached their fiduciary duties to Conmed Healthcare stockholders by failing to adequately shop the Company before entering into this transaction and whether Ayelet Investments LLC is underpaying for Conmed Healthcare shares, thus unlawfully harming Conmed Healthcare stockholders. In particular, at least one analyst set a price target for Conmed Healthcare at $5.00 per share.
If you own common stock in Conmed Healthcare and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/conmed-healthcare.html ].
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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